SSSB 223: "An Act relating to credits against certain taxes for contributions to certain public educational radio and television networks and stations; and providing for an effective date."
00SPONSOR SUBSTITUTE FOR SENATE BILL NO. 223 01 "An Act relating to credits against certain taxes for contributions to certain 02 public educational radio and television networks and stations; and providing for 03 an effective date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. PURPOSE. This Act extends the credits authorized by ch. 58, SLA 1987, and 06 ch. 71, SLA 1991, against each of the following state taxes for contributions made to instate 07 institutions of public educational radio and television networks and stations: 08 (1) Alaska Net Income Tax (AS 43.20); 09 (2) Oil and Gas Properties Production Tax (AS 43.55); 10 (3) Oil and Gas Exploration, Production, and Pipeline Transportation Property 11 Tax (AS 43.56); 12 (4) Mining License Tax (AS 43.65); 13 (5) Fisheries Taxes (AS 43.75). 14 * Sec. 2. AS 43.20.014(a) is amended to read:
01 (a) For cash contributions accepted for direct instruction, research, and 02 educational support purposes, including library and museum acquisitions, and 03 contributions to endowment, by an Alaska university foundation or by a nonprofit, 04 public or private, Alaska two-year or four-year college accredited by a regional 05 accreditation association, and for contributions accepted by a nonprofit, 06 noncommercial public Alaska educational radio or television network or station, 07 a taxpayer is allowed as a credit against the tax due under this chapter 08 (1) 50 percent of contributions of not more than $100,000; and 09 (2) 100 percent of the next $100,000 of contributions. 10 * Sec. 3. AS 43.55.019(a) is amended to read: 11 (a) For cash contributions accepted for direct instruction, research, and 12 educational support purposes, including library and museum acquisitions, and 13 contributions to endowment, by an Alaska university foundation or by a nonprofit, 14 public or private, Alaska two-year or four-year college accredited by a regional 15 accreditation association, and for contributions accepted by a nonprofit, 16 noncommercial public Alaska educational radio or television network or station, 17 a producer of oil or gas is allowed as a credit against the tax due under this chapter 18 (1) 50 percent of contributions of not more than $100,000; and 19 (2) 100 percent of the next $100,000 of contributions. 20 * Sec. 4. AS 43.56.018(a) is amended to read: 21 (a) For cash contributions accepted for direct instruction, research, and 22 educational support purposes, including library and museum acquisitions, and 23 contributions to endowment, by an Alaska university foundation or by a nonprofit, 24 public or private, Alaska two-year or four-year college accredited by a regional 25 accreditation association, and for contributions accepted by a nonprofit, 26 noncommercial public Alaska educational radio or television network or station, 27 the owner of property taxable under this chapter is allowed as a credit against the tax 28 due under this chapter 29 (1) 50 percent of contributions of not more than $100,000; and 30 (2) 100 percent of the next $100,000 of contributions. 31 * Sec. 5. AS 43.65.018(a) is amended to read:
01 (a) For cash contributions accepted for direct instruction, research, and 02 educational support purposes, including library and museum acquisitions, and 03 contributions to endowment, by an Alaska university foundation or by a nonprofit, 04 public or private, Alaska two-year or four-year college accredited by a regional 05 accreditation association, and for contributions accepted by a nonprofit, 06 noncommercial public Alaska educational radio or television network or station, 07 a person engaged in the business of mining in the state is allowed as a credit against 08 the tax due under this chapter 09 (1) 50 percent of contributions of not more than $100,000; and 10 (2) 100 percent of the next $100,000 of contributions. 11 * Sec. 6. AS 43.75.018(a) is amended to read: 12 (a) For cash contributions accepted for direct instruction, research, and 13 educational support purposes, including library and museum acquisitions, and 14 contributions to endowment, by an Alaska university foundation or by a nonprofit, 15 public or private, Alaska two-year or four-year college accredited by a regional 16 accreditation association, and for contributions accepted by a nonprofit, 17 noncommercial public Alaska educational radio or television network or station, 18 a person engaged in a fisheries business is allowed as a credit against the tax due 19 under this chapter 20 (1) 50 percent of contributions of not more than $100,000; and 21 (2) 100 percent of the next $100,000 of contributions. 22 * Sec. 7. This Act applies to tax years beginning after December 31, 1994. 23 * Sec. 8. This Act takes effect January 1, 1995.